Economists Usually Agree with Which of the Following Arguments That

question 24

Multiple Choice

Economists usually agree with which of the following arguments that favour protectionism?

• A)the competition with cheap foreign labour defence
• B)the job protection defence
• C)the dumping defence
• D)the infant-industry defence
• E)None of the above.Economists generally agree that arguments in favor of protection are flawed.

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Definitions:

Intellectual Property

Personal property in the form of ideas and creative work.

Intangible Property

Assets that do not have a physical presence, such as copyrights, patents, and trademarks.

Joint Tenancy

Shared property ownership with a right of survivorship.

Tenants in Common

A form of co-ownership where each tenant owns a separate and undivided interest in the property, and upon death, their share passes to their heirs or designated beneficiaries.